Floor Lamps Market

Floor lamps are a 4 feet to 6 feet tall-standing lighting devices, which are placed on the ground. These offer an illusion of vertical space as the light is elevated, making it one of the ideal light interior decorations for residential and commercial buildings. Floor lamps also balance out the brightness offered by wall-mounted and ceiling lights by illuminating the area at eye-level. Professional’s help are not needed to install floor lamps unlike wall mounted lighting and other lighting solution. A cosy corner and an electric socket for power supply are enough to install it. They are available in range of shape, size, stylish designs and fabrics.

Market scope and structure analysis:

COVID-19 ScenarioAnalysis: 

The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units have been shutdown globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Rise in disposable income enhances the purchasing power of the people living in Asia-Pacific countries. People are spending more than before on luxury, comfort, and lifestyle products. Changes in spending behavior of consumers and rise in purchasing power increase the demand for floor lamp decor products. Changes in lifestyle and increase in modern home renovation also supports the growth of the floor lamp market.

Rise in popularity for environment-friendly home décor items surges the demand for floor lamp products. The increase in awareness for using eco-friendly and recyclable products has influenced consumers to purchase floor lamp made from wood, bamboo, and other natural fabrics. Moreover, the floor lamps are not only affordable to install and operate but they also come with the advantage of saving electricity power as one can use energy-efficient LED bulbs in it. Floor lamp can also be used as bed lights by putting LED bulbs in it as it can illuminate the room for long hours without surging the electricity bill. 

The global Floor Lamps market trends are as follows:

New product launches to flourish the market

New products that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve accuracy of devices and overall functionality as well. They are focused in making an efficient floor lamp which can maximize the power saving. Manufacturers are engaged in creating adjustable floor lamp with multiple lights by working on the price, height, color & shades and material used for it. There are demand for both modern design floor lamp and antique & traditional design floor lamp for which manufacturers are using variety of materials such as metal, rattan and wood for traditional floor lamps and silver, steel, bronze and metal alloy for contemporary floor lamps. Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization.

Key Segments Covered:

Key Benefits of the Report:

• This study presents the analytical depiction of the global floor lamps industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global floor lamps market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global floor lamps market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global floor lamps market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Floor Lamps Market Research Report:

• What are the leading market players active in the floor lamps market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?

 Floor Lamps Market Report Highlights